Investment incentives

INVESTMENT INCENTIVES

Enterprise income tax:

Newly established enterprises from investment projects enjoy preferential Enterprise income tax as follows:

- Preferential tax rate of 10% within 15 years, starting since first year revenue from business activity of tax incentives.

- Exemption 4 years, decrease 50% of the payable tax in the next 9 years. This period is calculated continuously from the first year the enterprise has taxable income from investment projects; if enterprise has no taxable income during the first three years, tax incentives is calculated from the fourth year since the first year revenue from the project.

(Details refer to Chapter 4 of the Decree No. 124/2008 / ND-CP dated 11/12/2008 on detailed regulations and guidelines for implementation of some articles of the enterprise Income tax law and Circular No. 123/2012 / TT BTC dated 07/27/2012).

Personal income tax:

Person working in MP Dinh Vu industrial zone is decreased 50% of the income tax for the year (For details, refer to Circular No. 176/2009 / TT-BTC dated 9/9/2009 of the personal income tax reduction for person working in economic zones).